Global Real Estate Advisors Represent Seller In $5.15M Mixed-Use Sale At 1001 Pine Street
1001 Pine Street
$5,150,000
$397/SF
Building Size
12,960 SF
Asset Type
Mixed-use
Closing
Nov 16, 2025
AI
This mixed-use asset, located at 1001 Pine Street in Philadelphia, was sold for $5,150,000. The property comprises 20 units and offers a total of 12,960 square feet, translating to a price per unit of $257,500 and a price per square foot of $397.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,150,000
- Units: 20
- Square Footage: 12,960
- Price Per Unit: $257,500
- Price Per Square Foot: $397
- Seller's Representatives: Kenneth Wellar, Corey Lonberger & Alan Krawitz - Global Real Estate Advisors (GREA)
The transaction involved representatives from Global Real Estate Advisors (GREA), specifically Kenneth Wellar, Corey Lonberger, and Alan Krawitz, managing the sale on behalf of the seller.
Players
Philadelphia Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93